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China State Construction Engineering

Contact Type Architectural firms
Category Building Service Engineers

is, as of 2020, the eighth-biggest general contractor in terms of sales abroad and the largest construction company in the world by revenue. 

While the majority of CSCEC's assets were listed on the stock market under the name China State Construction Engineering Corporation Limited (CSCECL), CSCEC still held onto a few assets, including hospitals and schools, as well as the share of China Construction International Corporation that could not be transferred. The listed firm was thus given supervision rights by CSCEC.

There are various branches and subsidiaries of the CSCEC. It has twelve conventional core business areas, five primary divisions, eight engineering offices owned by the Group, four Design Institutes, and its own national research laboratory. Planning and design, project development, equipment leasing, trade, construction, and facilities management are the group's primary business divisions.

China State Construction Engineering Corporation Limited (CSCECL), its subsidiary and listed business (Chinese: ; SSE: 601668), was founded in 2007. In 2009, it was listed on the Shanghai Stock Exchange with an initial public offering (IPO) price of RMB4.18 per share. The shares ended the first trading day at RMB$6.53, 56% more than their IPO price. It raised US$7.3 billion in financing, making it the largest IPO ever. 

The CSCEC was established as a state company in 1957. Early on, the nation established a global reputation for developing infrastructure and heavy industries throughout Asia, Africa, and the Middle East. In the late 1970s, the antecedent business established its first foreign location in Kuwait. When the company entered the U.S. market in 1985 and established an office in Atlanta, it departed from its locally focused work pattern. Before embarking on its first standalone construction, Lantana Lakes, a 107-acre, $27 million complex of 42 houses, in 1987 in Jacksonville, Florida, the U.S. company first built housing developments with joint venture partners. 

With the support of the Chinese government and financial support from the Export-Import Bank of China, CSCEC has become a constructor and investor of increasingly audacious projects abroad. When Baha Mar Resorts, a $3.4 billion casino and resort built and partially controlled by CSCEC, opened in 2011 after "very aggressive" efforts by the business to unite with the Bahamas developer who initiated the project, the trend of traveling overseas reached a new high. It was the biggest building project a Chinese enterprise has ever undertaken outside of China. 

The new Grenada Athletics and Football Stadium is also being built by the China State Construction Engineering Corporation.

Following the coronavirus outbreak in 2020, CSCEC constructed two hospitals in Wuhan over the course of 10 to 12 days. The 1,600-bed hospital Leishenshan and the 1,000-bed hospital Huoshenshan were both completed on February 3.

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